Bloomberg quotes Buffett as saying last year, "Unusally, if you want to buy or sell a stock, you should buy or sell the stock. Using options, four times out of five you will be right, the last one you'll miss. I've virtually never used options as a way to enter or exit a position."

Current Berkshire stock prices:

Class A:

Class B:

This post has been updated from its original version to include examples of Berkshire Hathaway's use of options.